Capital One Financial Corporation (NYSE:COF) Declares Quarterly Dividend of $0.80

Capital One Financial Corporation (NYSE:COF) announced a quarterly dividend on Tuesday, November 4th. Shareholders of record on Monday, November 17th will be given a dividend of 0.80 per share by the financial services provider on Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, November 17th. This is a 33.3% increase from Capital One Financial’s previous quarterly dividend of $0.60.

Capital One Financial has raised its dividend payment by an average of 0.1%per year over the last three years. Capital One Financial has a payout ratio of 12.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Capital One Financial to earn $18.17 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 13.2%.

Capital One Financial Price Performance

Shares of Capital One Financial stock traded up $0.71 on Wednesday, hitting $221.39. The company had a trading volume of 123,567 shares, compared to its average volume of 4,171,068. Capital One Financial has a 52 week low of $143.22 and a 52 week high of $232.45. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $141.58 billion, a PE ratio of 93.36, a PEG ratio of 0.70 and a beta of 1.18. The business has a 50-day simple moving average of $219.75 and a 200-day simple moving average of $208.93.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.25 by $1.70. The firm had revenue of $15.36 billion during the quarter, compared to analyst estimates of $15.06 billion. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The firm’s quarterly revenue was up 53.4% on a year-over-year basis. During the same period last year, the company posted $4.51 EPS. Research analysts expect that Capital One Financial will post 15.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on COF shares. Keefe, Bruyette & Woods upped their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, July 23rd. Wolfe Research increased their target price on shares of Capital One Financial from $260.00 to $262.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Zacks Research raised Capital One Financial from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. HSBC lifted their target price on Capital One Financial from $218.00 to $234.00 and gave the stock a “hold” rating in a report on Thursday, October 23rd. Finally, Rothschild & Co Redburn assumed coverage on Capital One Financial in a report on Friday, August 1st. They set a “buy” rating and a $290.00 target price for the company. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $261.63.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.